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Australia normally produces around four million MT of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of the total.
In contrast to the huge drought-related losses in grain production, Ethiopia’s production of major oilseeds is expected to increase to nearly 790,000 metric tons in MY15/16 (Oct-Sep).
Canada's oilseed production for 2016/2017 is forecast to drop to 21.5 million metric tons (MMT), down 2.0 million tons from 2015/2016, mostly driven by lower canola production.
2016/17 Paraguayan soybean area is forecast to grow marginally to 3.33 million hectares, an increase of 1 percent.
Oilseed planted area is forecast to surge in Marketing Year (MY) 2016/17.
Due to an extreme drought oilseed production in South Africa is expected to decrease by 20 percent in the 2015/16 MY to 1.4 million tons.
Soybean imports are expected to reach 2.42 million metric tons (MMT), reflecting additional crush capacity, as well as strong soybean meal and oil demand.
Following a double digit decline in total oilseed production in MY2015/16 due to summer heat and drought, Bulgarian farmers are ready to expand planted areas under sunflower and rapeseed in MY2016/17.
Rapeseed remains the most profitable oilseed for Czech farmers. In MY 2015/16 they experienced another good crop of 1.26 million MT of rapeseed on area of 366,180 HA.
It is estimated that in MY 2016/2017 rapeseed planted area amounts to 940,000 hectares, a one percent decline in comparison to the previous year due to unusually dry weather during the planting season
It is estimated that after reduction in MY 2015/2016, rapeseed planted area in MY 2016/2017 will increase to 200,000 hectares, and will be 20 percent higher than in the previous year.
Total production of rapeseed in MY 2016/17 is forecast to decrease by 6 percent to 275,000 MT in comparison to MY 2015/2016.